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Peachtree Life Settlements has arranged for a credit facility allowing it to purchase over $1.5 billion of life settlements. Peachtree expects to close on the purchase of several billion dollars worth of life insurance contracts in 2007 and is working with major capital markets banks to augment this new facility. Sergio Salani, a senior vice president with Peachtree, said: “This is terrific news for Peachtree and seniors with unneeded life insurance throughout the country. Given the tremendous volume of business being presented to us, the timing for this credit facility could not be better. We look forward to being the dominant life settlement provider in 2007.”

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